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$296,000

22423 Lost Creek Rd, Katy, TX, 77450

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,157 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.04 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Gas Cooktop, Dishwasher

Exterior

Lot Size7,200 sqft

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN1079640000006
Lot Number6
SubdivisionCimarron
Land UseResidential
Legal DescriptionLT 6 BLK 6 CIMARRON SEC 1 R/P
Census Tract455104
Assessed Land Value$72,000
Assessed Improvement Value$198,804
Assessment Year2025

About this property

This beautifully updated 3-bedroom, 2-bathroom home offers a spacious and inviting layout, perfect for comfortable living. Freshly painted throughout and with brand new granite countertops in the kitchen as well as recently remodeled bathrooms, this home is move-in ready and full of modern touches. The detached garage also includes a fully-equipped garage apartment, making it a total of 4 bedrooms and 3 bathrooms. Whether you're looking for additional living space for guests, extended family, or the potential for rental income, this versatile setup has it all. The garage space still accommodates one vehicle with room to spare for additional storage in the back. Plus, the home boasts an electrical panel, designed with a generator hookup for added convenience and peace of mind during power outages. With these thoughtful updates and a great layout, this home is ideal for those looking for a turnkey property with plenty of room to grow. Don’t miss out on the opportunity to make it yours!

Investor Tools

Property Icon
$296,000
Estimated Property Value
$294,467Estimated Mortgage Balance
$6,718Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,238
$270,804
2025
$72,000
$198,804
$270,804
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,238
$270,804

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Fha
$294,467
Yes
First
May 20, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,282
$6,718
2%
98%
$1,766/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$2,291/mo
$-101/mo
8.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Katy

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22423 Lost Creek Rd | Property Details | No Agent List